Ohio foreclosures dropped in February

U.S. foreclosure activity dropped to its lowest level in more than a decade in February, aided by a steady decline in foreclosure filings in Ohio at the state and local level, according to figures released recently by real-estate market tracker, Attom Data Solutions.

Overall foreclosure activity dropped more than 16 percent in February, compared to the same month a year earlier, to 82,080 foreclosure starts, or one in every 1,625 housing units, according to Attom.

That was the lowest national level since November 2005, nearly two years before the Great Recession began, and the 17th consecutive month of annual decreases in foreclosure filings, such as default notices, scheduled auctions and bank repossessions, Attom said.

February foreclosure activity in Ohio declined by about 5 percent from a year ago to 4,723 starts, or about one in every 1,088 housing units, Attom found. Foreclosure activity in the Dayton area fell at and even faster pace, plummeting more than 13 percent from February 2016 to 466 starts, or one in every 789 housing units.

© 2017 Dayton Daily News, Ohio. Distributed by Tribune Content Agency
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